Beacon Orbit-Financial Inclusion Business Correspondent Solution (Beacon Orbit-FIBC) is a first-of-its-kind solution custom-built for Co-operative Banks, uniquely conceptualized and conceived by Sesame, to act as bridge between the banking service and the common man at their place of work, fields and doorsteps.

With this solution Banks can offer access to Financial Services to people in remote areas, and substantially increase Bank’s own business growth with minimum investment. Beacon Orbit-FIBC makes use of the Business Correspondent Model (BC Model) to enable Banks to offer Low-cost, technology-driven access and new tailor-made financial products to unserved masses at their doorstep. RBI has permitted banks to adopt the BC Model to ensure greater financial inclusion and expand the outreach of the banks.

  • Double your Business with just 20% investment
  • Enhance your customer reach by 70%
  • 100% satisfaction of the financial needs of your Bank customers
  • Reach customers at their doorsteps
  • Improve employment generation for locals

Key Benefits

Banking Benefits

  • Significantly bolster bank’s business
  • Facilitate cost-effective outreach channels
  • Enable greater financial inclusion
  • Bank’s services made available to the doorsteps of the poor
  • Handle day-to-day operations on behalf of the bank and reduce operational costs
  • Increase the spread and share the risk return of lending
  • Strengthen bank’s loan portfolio
  • Improve bank’s recovery position

Application level Benefits

  • Avail all necessary Business Correspondent Model features
  • Real time solution, pluggable with any CBS platform
  • Set-up Multiple Business Correspondents easily
  • Convenient monitoring, tracking and analyzing performances of BC
  • Integrate with tablets, smart phones, Micro ATM - Card swiping or Biometric

Features

banking transaction

Banking Transaction

  • KYC, E- KYC
  • Account opening (FD, RD, Pigmy, CASA etc.)
  • Banking Transactions
  • Fund Transfer (RTGS / NEFT, IMPS, Western Union Money Transfer, DBT
  • ATM/ Rupay Card
other financial service

Other Financial Services

  • Phone recharge, DTH, Data card, Post paid
  • Landline, Electric bill, LPG Gas
  • Insurance
Financial Needs

Financial Needs

  • Personal loans, Vehicle loans, Housing loans and Business loans
  • Other Loans offered by Bank
  • Investment Plans
bc management

BC Management Console

  • New BC Creation and Management
  • BC Terminals Management
  • Monitoring of BCs
  • Performance Comparisons
  • Authorization of BC operations
core solution

Core Solution Integrands

  • Agent Management
  • BC Management
  • User Management
  • Device Management
  • Reports and Statements